(1632–1704). These protoeconomists began and engaged vigorously in some of the first extended controversies over such issues as the case for colonies, protection of certainindustriesand trades, and responsibilities of the state for banking and currency. Participants in the extension of international ...
Commerce has piled on mandates that are nowhere in the law and has rejected state plans that don’t advance progressive goals. …Commerce hoped to spread the cash to small rural cooperatives, but the main beneficiaries will be large providers that can better manage the regulatory burden. Bigger...
Second he does things like state fundamental laws of capitalism, as if economics were physics and Piketty is the 21st century Einstein. While Piketty can seem grand at time, he’s also humble in other parts. Throughout the book he often confesses to the limits of his approach based on the...
c) This means that when unemployment suddenly explodes to double-digit rates, as is the case during financial crises, economists using this tool will (despite the theory being untrue) state that no policies aimed at lowering double-digit unemployment should be pursued. Look at the case of Finla...
“Briefly describe the measures designed to prevent the rise of manufactures in the colonies; and state whether in your opinion the growth of manufactures in the northern colonies was stopped chiefly by this legislation or by other causes. The American colonies during the Revolution were in much ...
A third objection might be to state that economics cannot pay attention to everything, and particularly to topics that are not strictly economic, such as friendship, the time spent in relationships, and so on. The response is that since all economic acts have important non-economic consequences...
The obvious lesson to be learned from this example of “anti-convergence” is that market-oriented economies out-perform state-controlled economies. I want to revisit this topic because I recently dealt with someone who claimed that government spending via the Marshall Plan deserves the credit for...
Valdosta State University, Valdosta, GA, USA Lavonna L. Lovern Corresponding author Correspondence toLavonna L. Lovern. Copyright information © 2021 The Author(s), under exclusive license to Springer Nature Switzerland AG About this chapter ...
It wanted to get rid of the landlord class, and that required political reform. You get rid of the power of the House of Lords in England to overrule the House of Commons. You want to get rid of banking. All of this did require a state. In fact, while these dynamics were occurring...
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